Thursday, November 5, 2020

Review of On Classical Economics by Thomas Sowell

This review was written by Eugene Kernes

Book can be found in:
Genre = Economics
Intriguing Connections = 1) Learning Economics: Basic to Advanced

Elaborate Description

Sowell's eloquence is so great that even complex theories seem easy to understand. Many different interpretations of various economic problems have been set forth as the discussion of the book, each was discussed in how various economists treated the assumptions and dealt with the problem. The debates of the era that caused many ideas to be taken and others to be overlooked is a theme of this book. Sowell raises awareness on an extraordinary economist, Sismondi, who's ideas had to be rediscovered later on. An explanation of how Marx was misunderstood by Marxists was very insightful. Even more insightful was the evolution of the different interpretation of ideas. A slight defect of the book is that when referencing the classical problems, Sowell rarely mentions the theory in modern day's language, as in to what end the classical problem led current understanding. The book is more suitable if knowledge of more than basic economics is already known, only with prior knowledge of economics does this book have a lot of value.

Book Details

Edition ISBN:  9780300126068
Pages to read:   204
Publication:     2006
1st Edition:      2006
Format:            Paperback

Ratings out of 5:
Readability    5
Content          5
Overall           5